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    Evanston, WY Commercial Space Title is generated by Realmo AI

    76 IMPERIAL Drive, Evanston, WY 82930

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    For Lease
    $1,100/Mo $5 SF/Yr (calc)

    COMMERCIAL - Evanston, WY

    Property size:
    2,600 SF
    Lot size:
    2.43 Acres
    Added:
    May 20, 2025
    Days on Market:
    360
    Last Refresh:
    May 14 at 10:06 pm

    Property Features for 76 IMPERIAL Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    152019307003
    Size
    2,600 SF
    Lot size
    2.43 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4196

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Building materials
    Metal Siding, Aluminum Siding

    We can help!

    Listing Contact
    Kody Watts
    Kody Watts

    Listing agent Kody Watts License #RE-15364

    Listing office Keller Williams Realty Western Trails 2401 W Main, Rapid City, WY

    Listing date May 20, 2025

    MLS# 25-1168

    Copyright © 2026 Teton Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two 1,300 SF units available, offering flexibility to lease separately or together.
    • Secure gated yard space included with each unit.
    • Overhead door access for convenient loading and unloading.
    • Unit O features a brand‑new shop heater for year‑round usability.
    • Suitable for storage, workspace, or a combination of both.
    • Located at 76 Imperial Dr, Evanston, WY.

    Overview

    Commercial space is available for lease at 76 Imperial Dr, Evanston, WY. Two 1,300 square feet units offer flexibility, with the option to lease separately or together for a larger space of 2,600 square feet. Each unit includes secure gated yard space and an overhead door for access. Unit O is equipped with a shop heater. These units can accommodate storage, workspace, or a combination of both. The property is located on a lot of 2.43 acres. Tenants are responsible for all utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lambert Paint Co ... Painting Service Western Environmental Services Laboratory SWWWC Telecommunications Service Professional Technologies Inc Professional Services Ace Coin Inc. Big Box & Wholesale Store

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Skin Care Clinic Food Market Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evanston
    County
    Uinta
    State
    Wyoming
    Longitude
    -110.997445
    Latitude
    41.259892

    Nearby Similar for Lease

    • $4,258/Mo

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    • $6 SF/Yr

      Evanston Manufacturing Facility with Warehouses

      65,674 SF manufacturing facility on 5.43 acres for lease.
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    • $7 SF/Yr

      Evanston Industrial Building with Yard

      2,600 SF industrial building with ample yard space.
      4145 State Hwy 150, Evanston, WY
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    • $1,100/Mo

      Functional Warehouse with Office Space

      1,500 SF warehouse with office, fenced yard, I-80 access.
      91 Allegiance Cir, Evanston, WY
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    • $1,100/Mo

      Flexible Commercial Space For Lease

      Commercial space with gated yard and overhead door for lease.
      76 Imperial Dr, Evanston, WY
      View Details
    • Contact for pricing

      Industrial Space Near I-80

      Industrial complex with immediate I-80 access in Evanston, Wyoming.
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    FAQs

    What type of property is this?
    Flex space - Commercial space for lease with gated yard and overhead door.
    Where is this flex space located?
    The property is located at 76 IMPERIAL Drive Evanston, WY.
    What is the lease rate?
    The lease rate is $1,100 /Mo.
    What are key features of this property?
    This property features: Two 1,300 SF units available, offering flexibility to lease separately or together.; Secure gated yard space included with each unit.; Overhead door access for convenient loading and unloading.
    (605) 343-7500
    We can help!
    Listing Contact
    Kody Watts
    Kody Watts
    Real Estate License ID: RE-15364
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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